U.S.: Yoghurt Market 2024

Yoghurt Market Size in the U.S.

The U.S. yoghurt market stood at $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption showed resilient growth. Yoghurt consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Yoghurt Production in the U.S.

In value terms, yoghurt production stood at $X in 2022. Overall, production showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 54% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Yoghurt Exports

Exports from the U.S.

Yoghurt exports from the United States fell to X tons in 2022, with a decrease of -13.6% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, yoghurt exports dropped to $X in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Mexico (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main destinations of yoghurt exports from the United States, together comprising 49% of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +47.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the key foreign market for yoghurt exports from the United States, comprising 27% of total exports. The second position in the ranking was held by South Korea ($X), with a 9.4% share of total exports. It was followed by Canada, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to Mexico totaled +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+46.9% per year) and Canada (+0.1% per year).

Export Prices by Country

In 2022, the average yoghurt export price amounted to $X per ton, increasing by 2.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2014 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Yoghurt Imports

Imports into the U.S.

Yoghurt imports into the United States stood at X tons in 2022, approximately mirroring the previous year. Overall, imports posted a buoyant expansion. The growth pace was the most rapid in 2019 when imports increased by 247%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, yoghurt imports expanded slightly to $X in 2022. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 102% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Canada (X tons), France (X tons) and Chile (X tons) were the main suppliers of yoghurt imports to the United States, together comprising 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +161.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest yoghurt suppliers to the United States were Canada ($X), France ($X) and Chile ($X), with a combined 96% share of total imports.

France, with a CAGR of +134.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average yoghurt import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 88% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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